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View Full Version : Treasurer: Arizona is Broke,More Than Broke; Itís in Debt.



megimoo
09-27-2009, 03:34 PM
State treasurer Dean Martin ... that the state of Arizona is broke. Actually, itís more than broke; itís in debt. The state general fund... itís $100 million in debt. ď...local governments are about twice the size of the state right now, when it was the opposite just a few years ago.Ē

When asked if the state could raid municipal accounts, Martin said it could not. There is some state and local money mixed together in investment pools he said could be vulnerable, but the state cannot take money from another customerís account without permission, just like a person could not...

http://www.lakepowellchronicle.com/V2_news_articles.php?heading=0&page=77&story_id=1843

PoliCon
09-27-2009, 08:35 PM
local governments are about twice the size of the state right now which is the way it's supposed to be. The closer to the people - BIGGER and father - SMALLER. DO YOU HEAR THAT CONGRESS???

Elspeth
09-27-2009, 08:47 PM
State treasurer Dean Martin ... that the state of Arizona is broke. Actually, itís more than broke; itís in debt. The state general fund... itís $100 million in debt. ď...local governments are about twice the size of the state right now, when it was the opposite just a few years ago.Ē

When asked if the state could raid municipal accounts, Martin said it could not. There is some state and local money mixed together in investment pools he said could be vulnerable, but the state cannot take money from another customerís account without permission, just like a person could not...

http://www.lakepowellchronicle.com/V2_news_articles.php?heading=0&page=77&story_id=1843


In California, the state can raid the municipalities.